MRO distributors are changing the way they operate. By expanding their product line, they are diversifying their portfolios and blurring the traditional lines between their businesses.
In our recent whitepaper entitled Keys to Success in Conducting a Request for Proposal Process, we covered the full range of activities in the Request for Proposal (RFP) process including negotiations. Now we'll dives further into the negotiations process, quite possibly the most critical step towards creating successful supplier relationships.
A new supplier has joined the CoVest team! Find out more about our new supplier and what you can expect from the category deal structure.
Choosing a light bulb is no longer a simple task. Each bulb has its own defining features and depending on if you want to drastically reduce your electricity bill or if you're environmentally conscious, your choice of bulb can differ greatly. Understanding the differences between incandescent, compact fluorescent (CFL), and light-emitting diode (LED) light bulbs will make your decision that much easier.
When purchasing lubrication it is important to remember that it is not just a substance that keeps things slippery. There can be many functions for machinery lubrication depending on which type of lubricant you use. Working with your lubrication suppliers to find the right product for each application is a key part of the purchashing process.
Most companies believe they have a good grasp on where spend occurs within their company. The truth is, very few organizations know exactly where their money is going because it is hidden in a line item somewhere on a general ledger.
Offices have long evolved pass the humdrum space where employees shuffled papers for eight hours a day. In recent years, we've seen our work spaces open up and become an inviting and collaborative inducing environment. Today, offices are taking that idea one step further by incorporating contemporary and green technology.